Quarterly GDP update: (Manufactuing and oil sectors lead the growth in Q1)

Latest economic growth data released by CDSI show a real economic growth of 4.7 percent, nearly 1 percentage point higher than in the same period of 2013. Growth was unchanged compared with the previous quarter and was more dependent on the oil sector as structural changes in the labor market continued to affect the non-oil economy. As a result, a number of leading non-oil sectors registered a slowdown in growth, yet their contribution to the overall economic growth remained robust.